VVV

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0807%/8h= +88.3% APRnext payment +$1.01 per $10,000 · paid last 24h +0.125%

Price spread now: Backpack against gTrade (Gains Network)+0.220%77s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and Backpack is 0.220% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) VVV/USD	31.325	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	33m 20s	$19K	—	150x
Short	Backpack VVV_USDC_PERP	31.394	0.0811	get 0.0101% / 1h	33m 20s	$168K	$261K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BackpackbpOrdersPrice spread, now +0.220%Rate

Funding earned: $169.38
Price spread: +0.220% → 0.000%: $22.03
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $169.41
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Backpack live order book, 65 min ago	1.96 bp	21.7 bp −$22	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx VVV/USDC	−0.0349%	1h	31.233	−0.295%	$382K	$690K	5x	as long as short
Deribit VVV_USDC-PERPETUAL	−0.0166%	1h	31.238	−0.278%	$87K	$20K	10x	as long as short
Gate VVV_USDT	−0.0006%	4h	31.229	−0.308%	$11.8M	$4.8M	25x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.281	−0.142%	$92K	$5.3M	1.7x	as long as short
Coinbase International VVV-PERP-INTX	0.0000%	1h	31.334	+0.029%	$191K	$1.3M	25x	as long as short
gTrade (Gains Network) VVV/USDlong	L +0.0004% / S −0.0004%	1h	31.325	long leg	$19K	—	150x
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+4.771%	$2K	$1K	5.5x	as long as short
Lighter VVV	+0.0096%	1h	31.269	−0.180%	$1.9M	$4.1M	5x	as long as short
Lighter RH VVV	+0.0096%	1h	31.257	−0.218%	$460K	$1.5M	5x	as long as short
Paradex VVV-USD-PERP	+0.0100%	8h	31.262	−0.202%	$3K	$29	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado VVV-PERP	+0.0100%	1h	31.254	−0.228%	$157K	$990K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.276	−0.157%	$69.5M	$42.9M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.266	−0.189%	$247K	$499K	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.286	−0.126%	$184K	$118K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.251	−0.238%	$33.3M	$106.4M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.221	−0.333%	$38.0M	$38.8M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.237	−0.282%	$4.8M	$25.8M	20x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.259	−0.212%	$6.9M	$4.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.291	−0.110%	$1.7M	$2.7M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.185	−0.448%	$5.7M	$6.3M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.241	−0.269%	—	$4.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.276	−0.157%	$2.0M	$370K	—	as long as short
Polymarket Perps VVV-USD	+0.0100%	1h	31.240	−0.273%	$129K	$1.3M	3x	as long as short
Derive VVV-PERP	+0.0100%	1h	31.298	−0.086%	$3K	$3K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.313	−0.040%	$2.0M	$2.1M	50x	as long as short
BloFin VVV-USDT	+0.0100%	4h	31.272	−0.170%	$1.3M	$1.4M	25x	as long as short
edgeX VVVUSDC	+0.0103%	4h	31.329	+0.012%	$78K	$330K	10x	as long as short
Extended VVV-USD	+0.0104%	1h	31.237	−0.283%	$292K	$1.8M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.259	−0.210%	$6K	—	3x	as long as short
Phoenix VVV	+0.0229%	1h	31.337	+0.037%	$32K	$201K	5x	as long as short
01 Exchange VVVUSD	+0.0336%	1h	31.250	−0.241%	$11K	$2K	3x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0443% / S −0.0218%	1h	31.241	−0.270%	$502K	—	100x	as long as short
Backpack VVV_USDC_PERPshort	+0.0811%	1h	31.394	+0.220%	$168K	$261K	5x